Britain is home to some of the world's most important flat races and race meetings. While
ancient horse races like the Kiplingcotes Derby and Newmarket Town Plate are now mainly curiosities, there are many older races which retain modern relevance. The five British Classics – the 1,000 Guineas, 2,000 Guineas, The Oaks, The Derby and the St. Leger – were founded in the late 18th and early 19th centuries and still represent the pinnacle of achievement for each generation of horses. The structure and distances of these races, if not the exact names, have been adopted by many other European horse racing authorities, such as Ireland. Royal Ascot is the major flat racing festival in Europe and attracts horses from all over the world. The modern flat season in Britain now also climaxes with British Champions Day, a festival of championship races, also held at Ascot.